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09/12
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this fiscal cliff is something that will mean people will lose their jobs. people -- middle class people will get smacked by the amt. people will see smaller paychecks and higher tax bills and you will see a recession. factories will close. that is a certainty if congress doesn't do its job. that's congressional malpractice. >> look, we have a political system today that's dominated by special interests and career politicians who may or may not have had a real job in their life, but once they get elected they don't, and their primary concern is keeping their job rather than doing their job. >> all right. don't move because we're going to talk with both of you about the thing -- the one thing that we could do right now to make sure we don't go over that cliff, and to make sure that this is america's century again. coming up, if the united states is rome before the fall, which nation stands to be the next roman empire? >> you can't talk about jobs without saying the word china. >> the presidential candidates aren't talking much about china. we will. >> announc
this fiscal cliff is something that will mean people will lose their jobs. people -- middle class people will get smacked by the amt. people will see smaller paychecks and higher tax bills and you will see a recession. factories will close. that is a certainty if congress doesn't do its job. that's congressional malpractice. >> look, we have a political system today that's dominated by special interests and career politicians who may or may not have had a real job in their life, but once...
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Nov 11, 2012
11/12
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avoiding the fiscal cliff will require compromise, something that's been in short supply in washington over the last few years. stephen moore joins me again. john boehner, stephen, says they will accept higher tax revenues, but not higher taxes. explain that. >> it's not that complicated. we all agree the best way to bring this up is to bring the growth rate up from the 1% we've had in the last year or so. number two, when i talk to republicans, he said, look, we're willing to put these higher revenues on the table. we're willing to close the loopholes in the tax system, get rid of a lot of the car vouts that people benefit from those are rich people. i think republicans are willing to compromise on this. i have to say this. i'm frustrated wall of you on this, because yes, we have a fiscal cliff that's going to hit in january. but let's not forget the whole context of this. we are running $1.2 trillion deficits and we can't keep doing that year after year after year. we have to come up with solutions. >> david walker has been banging on this drum as well. >> the key is we have to avoid
avoiding the fiscal cliff will require compromise, something that's been in short supply in washington over the last few years. stephen moore joins me again. john boehner, stephen, says they will accept higher tax revenues, but not higher taxes. explain that. >> it's not that complicated. we all agree the best way to bring this up is to bring the growth rate up from the 1% we've had in the last year or so. number two, when i talk to republicans, he said, look, we're willing to put these...
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e fiscal cliff, something i talk about all the time. presidential election, european debt crisis, these are things on the horizon. some economists and money managers will tell you they're bullish. and they think the fiscal cliff will get resolved. through the election, you could see stocks move up. the fed is pushing a lot of money into the system. $40 billion a month, i think. that's going into the markets. want to tell you about an interesting saga of chinese telecoms. something we've been following for several years. some big telecom companies from china, a congressional report, we've seen a draft of a congressional report to be released today, that will say that these telecom companies should not be allowed to expand in the united states. and here's why. because of cyber espionage. concerns about what these china-tied companies could do to the american economy. china has the means, opportunity and motive to use telecommunications companies for malicious purposes. congress has been aware of some of the concerns for a long time. chine
e fiscal cliff, something i talk about all the time. presidential election, european debt crisis, these are things on the horizon. some economists and money managers will tell you they're bullish. and they think the fiscal cliff will get resolved. through the election, you could see stocks move up. the fed is pushing a lot of money into the system. $40 billion a month, i think. that's going into the markets. want to tell you about an interesting saga of chinese telecoms. something we've been...
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Nov 15, 2012
11/12
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you've also got this fiscal cliff concern. and that's something that's a big reason why a bunch of ceos spent 90 minutes at the white house with the president the other day, talking about how they're going to avert the so-called fiscal cliff. david cody said, this is going to get solved one way or another. well, yeah. but you want to make sure it gets solved in the best interest of the middle class, of course, and that's something that walmart is concerned about. its chief executive issuing a statement yesterday, saying our customers are working hard to adapt to the new normal, but their confidence is still very fragile. they're shopping for christmas now, and they don't need uncertainty over a tax increase. now, some of the elites and insiders in the beltway are saying, it's more like a slope. it's not like a fiscal cliff. look, $7 trillion over ten years of spending cuts, tax increases begin to take effect on january 1st and 2nd. you don't take all of that out of the economy on the very first day, but it begins and it really
you've also got this fiscal cliff concern. and that's something that's a big reason why a bunch of ceos spent 90 minutes at the white house with the president the other day, talking about how they're going to avert the so-called fiscal cliff. david cody said, this is going to get solved one way or another. well, yeah. but you want to make sure it gets solved in the best interest of the middle class, of course, and that's something that walmart is concerned about. its chief executive issuing a...
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i thought something had to be done on the fiscal cliff before the election. apparently nothing has to be done until the first of the year. he should just stick with his position. >> jake sherman, politico a's report joining us. this is the second time he has this little gaffe. do you think this will hurt the obama administration? >> it's not going to hurt them in a real sense, but the problem is republicans have seized on this comment. it came out of clinton's mouth and they talked about it on capitol hill. president clinton says there's a huge mes of fiscal year at the end of the year. republicans and democrats on capitol hill away p from the election are already positioning themselves for it. to the extent that clinton has already come out and said this it, even though he's retracted that, quote lingers throughout. for a campaign to have a prominent figure like president clinton saying things like this is a problem. >> there's some conspiracy theorist out there that believe this is not aa mistake. perhaps he's doing this on purpose to get back for that cont
i thought something had to be done on the fiscal cliff before the election. apparently nothing has to be done until the first of the year. he should just stick with his position. >> jake sherman, politico a's report joining us. this is the second time he has this little gaffe. do you think this will hurt the obama administration? >> it's not going to hurt them in a real sense, but the problem is republicans have seized on this comment. it came out of clinton's mouth and they talked...
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something called the fiscal cliff, which i know you have been watching. you're very closely aligned with president obama having been the chair of the democratic national convention in september. i want to get your take on this. this is critical to your state. businesses in your state. taxpayers in your state. do you have any optimism that we may not go off the cliff? >> i do have optimism. there's no question about it. i think both sides understand that it's not in the nation's best interest for us to go off this cliff. people are tired of the partisanship. they want both sides to work together. they want them to do so in a balanced way. i agreed to join the stirring committee to fix the debt coalition and i have because the balance is that we have to make spending cuts. we have to address entitlements but we also have to make sure that we have the revenues that we need to make the investments that we need. education. infrastructure. transportation. research and development. workers training. all of those things are important things that we have to do. we
something called the fiscal cliff, which i know you have been watching. you're very closely aligned with president obama having been the chair of the democratic national convention in september. i want to get your take on this. this is critical to your state. businesses in your state. taxpayers in your state. do you have any optimism that we may not go off the cliff? >> i do have optimism. there's no question about it. i think both sides understand that it's not in the nation's best...
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Jul 21, 2012
07/12
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tell our viewers what this fiscal cliff is. >> it is something that replaced europe as the biggest threat to the recovery. "the washington post" says the main threat to the u.s., shifting from what others may do to us to what we're doing to ourselves. what we're doing, huge automatic tax increases. on january 1st next year the bush tax cuts, those expire. those tax cuts expire. also, if do you nothing, that means if nothing changes your taxes will likely go up. at the same time, medicare doctor pay will also go down. on top of those tax increases, the very same moment massive cuts to federal spending. if current law stays in place, the government must slash $1 trillion over nine years from federal spending. half of them from defense, half from nondefense departments. the bipartisan policy center says it will cost about a million jobs over two years, one million jobs over two years. not just government jobs, jobs in the private sector mshgs from contractors working with the government and they are quite frankly right now trying to figure out how to prepare those layoff notices. the economy
tell our viewers what this fiscal cliff is. >> it is something that replaced europe as the biggest threat to the recovery. "the washington post" says the main threat to the u.s., shifting from what others may do to us to what we're doing to ourselves. what we're doing, huge automatic tax increases. on january 1st next year the bush tax cuts, those expire. those tax cuts expire. also, if do you nothing, that means if nothing changes your taxes will likely go up. at the same time,...
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12/12
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let me ask you, jessica, the fiscal cliff is something we have been talked about each and every day here on cnn, the president met with the speaker of the house and am i correct, has it been about a year since the two of them had a one on one face to face, so what are we learning detailwise from the meeting? >> the bottom line is the status appears to remain at stalemate. the white house is expressing the view that the president believes it is still possible to get to a deal, but they want to hear more -- they want to hear specifics from republicans on revenue and they have not heard that. that's what the white house was saying before the deal -- before the meeting last friday they were saying this. the speaker's office is saying they still want to hear from the white house on more details on spending cuts, also that is what the speaker's office was saying before the meeting last friday. so the message today is exactly what it was last friday. the meeting happened yesterday. on sunday. so we are where we were. does that mean that nothing happened in the meeting? no, there could have been
let me ask you, jessica, the fiscal cliff is something we have been talked about each and every day here on cnn, the president met with the speaker of the house and am i correct, has it been about a year since the two of them had a one on one face to face, so what are we learning detailwise from the meeting? >> the bottom line is the status appears to remain at stalemate. the white house is expressing the view that the president believes it is still possible to get to a deal, but they...
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it looks like they're going to try to do something to avoid the whole fiscal cliff. at the end of the day, whatever they do, unless they do something very fundamental in terms of credible deficit reduction over a long period of time, moodies is threatening to downgrade in the first six months of 2013. another rating agency, a little more patient, they'll give us until december. but they have not shown in washington a real ability on either side of the aisle to come together and get a bipartisan effort, which is what you need. look at greece, they almost got thrown out of the euro many times over for good reason, but nonetheless, by one party saying we're not going to play by the rules. we want to switch the rules we agreed to. you can't have one party determine something that is so important for the u.s. future and have anyone thinking that the next time somebody gets elected and the other party gets thrown out you could overturn whatever we decide on in terms of a path, a road map, for the future. if we have a road map in this country, we are real good, even if it h
it looks like they're going to try to do something to avoid the whole fiscal cliff. at the end of the day, whatever they do, unless they do something very fundamental in terms of credible deficit reduction over a long period of time, moodies is threatening to downgrade in the first six months of 2013. another rating agency, a little more patient, they'll give us until december. but they have not shown in washington a real ability on either side of the aisle to come together and get a bipartisan...
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unfortunately, we're edging closer and closer to the fiscal cliff. american households will see an average tax increase of $3,500 each if congress does not do something to avert the fiscal cliff, in which everything from payroll taxes to full tax rates will go up. >>> and now our fourth story outfront. under attack by hackers. this was pretty incredible because the white house today confirmed that its military office was the target of a cyber attack with a suspected attacker, china. this is the office responsible for the united states of america's nuclear warplane. now, cnn has learned this was an unclassified network which was hit. officials say they dealt with the threat, but these attacks are relentless and the pentagon encounters thousands of them a day. how does washington keep up with this threat? "outfront" tonight, retired colonel cedric leighton. colonel, great to see you. the white house is saying we dealt with this, still, this is the white house. this is an office which is responsible for the united states of america's nuclear war plans h
unfortunately, we're edging closer and closer to the fiscal cliff. american households will see an average tax increase of $3,500 each if congress does not do something to avert the fiscal cliff, in which everything from payroll taxes to full tax rates will go up. >>> and now our fourth story outfront. under attack by hackers. this was pretty incredible because the white house today confirmed that its military office was the target of a cyber attack with a suspected attacker, china....
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Jul 29, 2012
07/12
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they only see two things, deficit reduction and debt control or the fiscal cliff. and we have people who represent us in congress who are supposed to be able to figure something out somewhere between that. and we have an emergency in the economy right now with europe and a lot of other things happening in our own domestic economy. i mean it's like malpractice. it's like congressional malpractice. >> that would be ideal. >> that's a good word. >> that's a good word. that's what it is. >> i would love to handle both of the problems at the same time. i buy it. we're in an emergency. can you not go over the fiscal cliff. i think our other problems are not abstract. i think when you purchase this avoidance, you have to understand the price you pay. >> i think you're right about that. you know what? when we gave the bush tax cuts, we purchased avoidance. the bush tax cuts and the wars are a big part of our projected debt. so we have to always decide in good times and in bad that if there are unintended consequences, the things we do. i don't know, ken. i'm sure the gover
they only see two things, deficit reduction and debt control or the fiscal cliff. and we have people who represent us in congress who are supposed to be able to figure something out somewhere between that. and we have an emergency in the economy right now with europe and a lot of other things happening in our own domestic economy. i mean it's like malpractice. it's like congressional malpractice. >> that would be ideal. >> that's a good word. >> that's a good word. that's what...
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they need to see more signs of progress on the fiscal cliff. that's why stocks are down. 400 points over the last couple of days. >> it's time. do something. >> it's time. >> all right. 27 minutes after the hour. fema did it after katrina and might do it again to help the victims of sandy. it's coming in the form of mobile homes. we'll tell you all about it. [ ross ] in the taihang mountains of china, hand-carved on the side of a cliff is the guoliang tunnel. what?! you've got to be kidding me. [ derek ] i've never seen a road like this. there's jagged rock all the way around. this is really gonna test the ats on all levels. [ derek ] this road is the most uneven surface, and it gets very narrow. magnetic ride control is going to be working hard. the shock absorbers react to the road 1,000 times a second. it keeps you firmly in control. whoa! [ male announcer ] the all-new cadillac ats. whoa! alriwoah! did you get that? and...flip! yep, look at this. it takes like 20 pictures at a time. i never miss anything. isn't that awesome? uh that's reall
they need to see more signs of progress on the fiscal cliff. that's why stocks are down. 400 points over the last couple of days. >> it's time. do something. >> it's time. >> all right. 27 minutes after the hour. fema did it after katrina and might do it again to help the victims of sandy. it's coming in the form of mobile homes. we'll tell you all about it. [ ross ] in the taihang mountains of china, hand-carved on the side of a cliff is the guoliang tunnel. what?! you've got...
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something off to save the country from going over this fiscal cliff. but you told supporters yesterday, you said if he, president obama, continues down this path, i will spend every waking moment to lead the fight to stop it. does that mean compromise is a dirty word in your mind? >> well, it doesn't. actually inhose remarks, the first thing i said right before that is i said if president obama means what he has said on the campaign trail, if he means what he said last night in his acceptance speech, that he wants to work across the aisle, that he wants to tackle the deficit and debt, that he wants to reduce the burdens of government on small business and entrepreneurs to create job, then i'm happy to work with president obama. but, and this is the second half, if he doesn't mean what he says, if that was simply what he said on the campaign trail and if he wants to go back to the path of the last four years to more and more spending and debt and regulations that kill job, i'll do everything i can to work to stop from us continuing down that path becaus
something off to save the country from going over this fiscal cliff. but you told supporters yesterday, you said if he, president obama, continues down this path, i will spend every waking moment to lead the fight to stop it. does that mean compromise is a dirty word in your mind? >> well, it doesn't. actually inhose remarks, the first thing i said right before that is i said if president obama means what he has said on the campaign trail, if he means what he said last night in his...
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fiscally so they can do something about the fiscal cliff without relying on the fed to help out too much. >> we wait to see what help the fed could provide. alison kosik, we'll be watching. thank you. >>> we'll bring you results as they happen at the olympics. also in london we're learning much more about the dutches of cambridge including the fact she likes to make her own strawberry preserves. you've never heard this before. live in london, next. ♪ [music plays] ♪ [music plays] ♪ [music plays] like the elephant on my chest... he thought he was having a heart attack. she said, "take an aspirin, we need to go to the hospital." i'm on a bayer aspirin regimen. [ male announcer ] be sure to talk to your doctor before you begin an aspirin regimen. i'm very grateful to be alive. aspirin really made a difference. >> announcer: meet tom, a proud dad whose online friends all "like" the photos he's posting. oscar likes tom's photos, but he loves the access to tom's personal information. oscar's an identity thief who used tom's personal info to buy new teeth and a new car, and stuck tom
fiscally so they can do something about the fiscal cliff without relying on the fed to help out too much. >> we wait to see what help the fed could provide. alison kosik, we'll be watching. thank you. >>> we'll bring you results as they happen at the olympics. also in london we're learning much more about the dutches of cambridge including the fact she likes to make her own strawberry preserves. you've never heard this before. live in london, next. ♪ [music plays] ♪ [music...
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Nov 18, 2012
11/12
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about the fiscal cliff before shoppers head out to the stores. trying to find a better job can be frustrating. so at university of phoenix we're working with a growing list of almost two thousand corporate partners - companies like microsoft, american red cross and adobe - to create options for you. not only that, we're using what we learn from these partners to shape our curriculum. so that when you find the job you want you'll be a perfect fit. let's get to work. >>> our top story all weekend has you know has been the crisis in israel and gaza. my colleague anderson cooper is now in gaza city with the latest. anderson? >> gary, another deadly day here in gaza, as you know, there was a strike by israeli defense forces, by the air force on what they say would be the house of a suspected hamas head of a hamas artillery unit. initially defense forces said they killed that head of the artillery unit but they have now backed off that? but we do know that ten members of the family who were living in this house, not the family of this hamas commander, but ten people were killed, including women and
about the fiscal cliff before shoppers head out to the stores. trying to find a better job can be frustrating. so at university of phoenix we're working with a growing list of almost two thousand corporate partners - companies like microsoft, american red cross and adobe - to create options for you. not only that, we're using what we learn from these partners to shape our curriculum. so that when you find the job you want you'll be a perfect fit. let's get to work. >>> our top story...
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Nov 15, 2012
11/12
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remember the fiscal cliff was designed to be something so bad that we would never get close to it. >> now we're talking about it, like it's not a cliff. it's a slope. it's not a slope. it's really a stairwell. it's notty stairwell. it's barely a drop. thank you, christine. >>> a deadly drug epidemic unfolding right now in the united states. prescription drug overdose, in particular painkillers now kill more people than car crashes. that's one of the starting statistics in dr. san yeah gupta's new documentary called "deadly dose." it premiere this is weekend. nice to have you with us. >> good morning. i've been noticing, certainly in the hospital where i work, the number of pain prescriptions being given out were increase i ing. it was a call from president clinton who called me a few moments ago and i never heard him sound quite like this. he told me two friends of his that both lost sons within days of each other due to prescription overdoses, accidental deaths. he was talking about it and said, look, someone dies in this country every 19 minutes in this way. it was a starting statis
remember the fiscal cliff was designed to be something so bad that we would never get close to it. >> now we're talking about it, like it's not a cliff. it's a slope. it's not a slope. it's really a stairwell. it's notty stairwell. it's barely a drop. thank you, christine. >>> a deadly drug epidemic unfolding right now in the united states. prescription drug overdose, in particular painkillers now kill more people than car crashes. that's one of the starting statistics in dr. san...
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Dec 10, 2012
12/12
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fiscal cliff. we're not reading out details of the conversation, but the lines of communication remain open. cnn's dan lothian is at the white house this morning. dan, i guess the fact that the lines of communication are open is a good sign. >> reporter: that's right. it is a good sign. it was just about a week ago that we were reporting about how nothing was going on, not in public and not in private. aides up on the hill, republican aides telling us there were no phone calls, no e-mails, no communication whatsoever. so this is encouraging in that the president sat down face to face with speaker boehner, but i think it's telling that both the speaker's office and white house put out these identical statements. i mean, what it shows here is that they've agreed to negotiate in private. there's a strategy here not to make this play out in public but rather happen behind closed doors so they can hash this out, hammer this out. it's unclear whether this will continue at that level. i did communicate wi
fiscal cliff. we're not reading out details of the conversation, but the lines of communication remain open. cnn's dan lothian is at the white house this morning. dan, i guess the fact that the lines of communication are open is a good sign. >> reporter: that's right. it is a good sign. it was just about a week ago that we were reporting about how nothing was going on, not in public and not in private. aides up on the hill, republican aides telling us there were no phone calls, no...
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. >> preparing for the holidays in the bennett's house, is a reminder of something else, a fiscal cliff deadline that's personal here. >> i can't imagine funding being cut at this point, it will be tragic. >> chloe was in the hospital from two weeks, luke for three. >> contaminated food sickens about 48 million people a year. so the fda foot safety and administration service -- the budget cut translates to a combined $157 million. there's no word exactly what cuts would mean to expecter staffing. >> they're already stretched then when it comes to the inspection activities, they really need increased resources, and not fewers. >> agencies always say they're stretched. >> dean clancy is with freedom works, and says there is nothing to fear. >> dangerous public health and safety is an irresponsible scare tactic, especially when you realize these are not real cuts, these are reductions from anticipated increases in spending. >> to cut the budget for the agencies will significantly impact them today and tomorrow. >> you made that one, didn't you? >> tressa bennett and your kids are now healt
. >> preparing for the holidays in the bennett's house, is a reminder of something else, a fiscal cliff deadline that's personal here. >> i can't imagine funding being cut at this point, it will be tragic. >> chloe was in the hospital from two weeks, luke for three. >> contaminated food sickens about 48 million people a year. so the fda foot safety and administration service -- the budget cut translates to a combined $157 million. there's no word exactly what cuts would...
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. >> he said let's fall off the fiscal cliff. his point is it would do something fundamental. >> it would put millions of people out of work. it would close factries. it would kill towns. >> some have said do it. let's everybody learn the lesson. pay the high price. >> politically speaking, do we learn lessons -- >> if that's accurate. >> do i trust you. that's irresponsible. by the way, michele bachmann who was fighting for her political career said it would be good if we defaulted on our national debt. so you have really irresponsible positions taken by these extremists. if you look at the book last year, political scientists, it is not the american people. it is the republican base. if you do care compromise, you will lose your job. dick lugar should win the peace price. >> he didn't have a house in his state. >> he compromised. >> look at bob bennett. >> look at joe lieberman. >> joe got reelected. >> he got kicked out of the democratic party. >> you're supposed to sit there. >> one person at a time. >> the republican base ha
. >> he said let's fall off the fiscal cliff. his point is it would do something fundamental. >> it would put millions of people out of work. it would close factries. it would kill towns. >> some have said do it. let's everybody learn the lesson. pay the high price. >> politically speaking, do we learn lessons -- >> if that's accurate. >> do i trust you. that's irresponsible. by the way, michele bachmann who was fighting for her political career said it would...
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Nov 14, 2012
11/12
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cliff, but there is something worth pointing out that two years ago after another election he held a press conference and came in and had to address a different set of raults. he talked about the shell abbinging he took, and his position because of very different outcome in the election, and it will be interesting to see how his posture is different, if it is different, this time because this time democrats didn't lose. they had a much more positive wrout come in their view. he won re-election. they see that as a gain in leverage for the president. we'll be watching for his mood, his tone, his body language on all of that, and how it will translate into his negotiating position with members of congress on all these issues. >> ali, the president will be meeting with major ceos after the news conference. i assume -- what do you assume their message to the president will be of avoiding the fiscal cliff, obviously, but will it be a similar message from all of them? do they speak with one voice? >> these are not banks. ken from american express will be there, aetna obviously is a major in
cliff, but there is something worth pointing out that two years ago after another election he held a press conference and came in and had to address a different set of raults. he talked about the shell abbinging he took, and his position because of very different outcome in the election, and it will be interesting to see how his posture is different, if it is different, this time because this time democrats didn't lose. they had a much more positive wrout come in their view. he won re-election....
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Jul 25, 2012
07/12
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. >> people keep asking what is the fiscal cliff? it is something the congress created a onset of huge budget cuts and tax increases at the same time and it would certainly jar the economy. you've heard about the tax increases, what you're seeing on your screen, raise taxes for everyone starting at the beginning of the year. here's the spending cuts part of it when gets less attention. it's a trillion dollars in spending cuts over nine years, half comes from defense, half from nondefense. if you are a contractor in any of these big towns where there are defense contracts there will be jobs lost. there are a lot of companies the defense contractors are already trying to figure out how their going to weather the big cuts they are going to see there. when we talk about nondefense, that's everything. that could be -- it could be hypothetically a 12% budget cut for every agency. so think if you were trying to cut 12%, some agencies are starting to plan maybe an 8% budget cut. 8% in one year, think of your own budget, running a small busin
. >> people keep asking what is the fiscal cliff? it is something the congress created a onset of huge budget cuts and tax increases at the same time and it would certainly jar the economy. you've heard about the tax increases, what you're seeing on your screen, raise taxes for everyone starting at the beginning of the year. here's the spending cuts part of it when gets less attention. it's a trillion dollars in spending cuts over nine years, half comes from defense, half from nondefense....
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Nov 10, 2012
11/12
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the fiscal cliff, if we went over it, could take 3.5% off of that taking us down to 1.5% negative growth and that is a recession. >> there's something interesting happening among, i would say, progressives. there's a lot of talk about compromise from the major players but let's talk about what progressives are saying. there was an op-ed in "the new york times" saying the president shouldn't do anything about the fiscal cliff. he writes this is definitely no time to negotiate a grand bargain on the budget that snatches defeat from the jaws of victory. jessica yellin, this is the counterargument to compromise. is the president viewing his re-election as the opportunity to make a deal or is he going to use the big win to make the republicans bend as krugman would like? >> they'd like a little bit i think of both. what they really would like is a compromise, and that's what the president is going to make a play for initially. and they feel that they have hopefully the potential for a bargaining partner in speaker boehner and the opportunity to reach a deal because both sides do want to avoid
the fiscal cliff, if we went over it, could take 3.5% off of that taking us down to 1.5% negative growth and that is a recession. >> there's something interesting happening among, i would say, progressives. there's a lot of talk about compromise from the major players but let's talk about what progressives are saying. there was an op-ed in "the new york times" saying the president shouldn't do anything about the fiscal cliff. he writes this is definitely no time to negotiate a...
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. >>> both sides in the fiscal cliff negotiations are much closer despite what you might think. on today's state of the union, jackie -- of the times picked up on something. >> he said you know, the republicans really ought to think about just declaring victory by going along with the president and senate democrats and taking the 98% of the tax cuts they agree on for everybody below $250,000 and just work next year on tax reform and see if they can get the top rate down again. it's hard to think that's not going to be where they end up, so why not make it clean instead of ugly. >> i think that it is true that many republicans are saying privately what tom cole said on this show, that they believe the politically expedient and right thing to do now is just to cut their losses, agree to tax rates going up for the most wealthy and really try for significant tax reforms so that 39.6% is going to be moot. >> if nothing is done by the end of the year to avoid the fiscal cliff, automatic federal spending cuts could impact the foot we eat. emily schmidt explains. >> preparing for holida
. >>> both sides in the fiscal cliff negotiations are much closer despite what you might think. on today's state of the union, jackie -- of the times picked up on something. >> he said you know, the republicans really ought to think about just declaring victory by going along with the president and senate democrats and taking the 98% of the tax cuts they agree on for everybody below $250,000 and just work next year on tax reform and see if they can get the top rate down again....
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to do something about the fiscal cliff and the debt crisis in this country. and yet just two days before lawmakers take a month-long vacation, our elected officials spent the day holding dueling and symbolic votes on the bush era tax cuts, knowing full well that if you want to extend them in full, that won't pass with democrats and if you want to just extend them for people who make less than $250,000, that won't pass with republicans. so they spent a lot of time voting on nothing. fed chairman ben bernanke has made a point of saying he can do only so much and congress needs to act. >> the most effective way that the congress could help to support the economy right now would be to work to address the nation's fiscal challenges. i think it's important that in the short term that congress work effectively to address the debt limit and the fiscal cliff. just delaying everything, just saying we're not going to do it, put it off a year, i think that would be a very bad outcome. >> "outfront" tonight, republican senator pat toomey of pennsylvania, a member of the s
to do something about the fiscal cliff and the debt crisis in this country. and yet just two days before lawmakers take a month-long vacation, our elected officials spent the day holding dueling and symbolic votes on the bush era tax cuts, knowing full well that if you want to extend them in full, that won't pass with democrats and if you want to just extend them for people who make less than $250,000, that won't pass with republicans. so they spent a lot of time voting on nothing. fed chairman...
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i say some movement on the plans to avoid the fiscal cliff. and when i say some movement it means plan b because republicans are apparently readying something to consider plan b to try to avoid going off the fiscal cliff. we are counting down two weeks until the deadline. the deal has to be made before then. the republicans are saying that a counteroffer came their way from president obama on taxes and spending as quote not there yet. dana bash joins me live from capitol hill. i know that the speaker of the house spoke just last hour about his concerns and thoughts moving forward. are we getting anything other than rhetoric and platitudes? are we finding further movement ahead? >> reporter: we are definitely getting a lot of rhetoric and platitudes. high stakes positioning and tactical positioning right now as we get closer to that deadline. but big picture of what is going on is that the house speaker went into a meeting and announced he was going to move forward to plan b. what is plan b? he feels that the talks he has had with the president
i say some movement on the plans to avoid the fiscal cliff. and when i say some movement it means plan b because republicans are apparently readying something to consider plan b to try to avoid going off the fiscal cliff. we are counting down two weeks until the deadline. the deal has to be made before then. the republicans are saying that a counteroffer came their way from president obama on taxes and spending as quote not there yet. dana bash joins me live from capitol hill. i know that the...
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avoiding the fiscal cliff is a top issue for the rest of 2012. the president made calls to congressional leaders. harry reid spoke yesterday about working with house speaker john boehner. listen to this. >> this isn't something that i'm going to draw the lines in the sand. he's not going to draw any lines in the sand, i don't believe. i think we need to work together. >> do you think a deal is possible? >> of course. it's so simple. we know what the issue is. >> really? it's so simple. how does it become so simple all of a sudden? >> i think elections do clarify things for a lot of people. i think that we just had an election and i think members of congress are going to work together to solve this issue. i think this issue will be solved relatively quickly. >> relatively quickly? >> certainly before our fiscal cliff expires. i have no doubt that we're not, you know, we're not going to go over the edge. i think it's nerve's interest to solve this. but the real question is, though, does this election bring any clarity over the more difficult issues
avoiding the fiscal cliff is a top issue for the rest of 2012. the president made calls to congressional leaders. harry reid spoke yesterday about working with house speaker john boehner. listen to this. >> this isn't something that i'm going to draw the lines in the sand. he's not going to draw any lines in the sand, i don't believe. i think we need to work together. >> do you think a deal is possible? >> of course. it's so simple. we know what the issue is. >> really?...
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Nov 18, 2012
11/12
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i imagine i could go down to the corner store and something could design something to avert the fiscal cliff because they get that taxes may have to go up on the rich, whether or not you agree with it, and they get that spending has to be cut. >> so i think they're going to come. i think we will see reforms both on the tax side, which is based on rates, and the expenditure side. a couple of issues. saying we're like france is like those who say we're like greece. we are not like france, we are not like greece, we are the united states of america. and i agree with steven that we need to invest in our growth engines. but that is going to materialize if we deal with our fundamental issues. our fundamental issues is not a tax rate of 36 or 39, our fundamental issues is that we haven't invested enough in our people, in our plants, in our equipment and in our infrastructure. we need private and public partnerships. so it's critical, and steven is right to raise it, it's critical that this fiscal cliff debate not crowd out the issue that we as a nation have distinct problems. two much debt, t
i imagine i could go down to the corner store and something could design something to avert the fiscal cliff because they get that taxes may have to go up on the rich, whether or not you agree with it, and they get that spending has to be cut. >> so i think they're going to come. i think we will see reforms both on the tax side, which is based on rates, and the expenditure side. a couple of issues. saying we're like france is like those who say we're like greece. we are not like france,...
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that also creates issues with punting on some stopgap measure to deal with the fiscal cliff. this is something that is going to expire just as the days and the weeks go on as he tries to work with republicans towards a solution. >> and briefly, candy, one final question to you. you're just back from boston. you were y thereto romney campaign last night. they went in pretty upbeat. they thought they might have a good chance of winning, didn't they? >> they did. but i have to tell you that there was a certainty about the obama campaign even two weeks out. i talked to a senior strategist who said i'm not, you know, i'm not kidding you here. that's cleaned up version. i'm not kidding you here, candy,ly show you the figures afterwards. we have this. they were certain. there was an optimism in the romney camp. but it wasn't based on the numbers. it was based on the feel of things. and one thing you know when you cover a campaign, the feel of things can be really deceiving. >> numbers are more important than an -- >> if there is a mandate coming out of this, it is that you saw in th
that also creates issues with punting on some stopgap measure to deal with the fiscal cliff. this is something that is going to expire just as the days and the weeks go on as he tries to work with republicans towards a solution. >> and briefly, candy, one final question to you. you're just back from boston. you were y thereto romney campaign last night. they went in pretty upbeat. they thought they might have a good chance of winning, didn't they? >> they did. but i have to tell you...
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01/13
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we saw speaker boehner bring up something without a majority of the majority on the fiscal cliff, which was a big move for him. so, now, is that the beginning of something where, you know, you can actually see a way where the president. let me ask him, let me ask him. >> and he did on the hurricane. is there a way now that he can, that the president can work with the speaker and republicans on this? >> well, of course. but two things. one, barney's definition coming together is when 30 of us appeal and agree with their position. >> that is his position. >> coming together is finding common ground and common ground means that both sides have to say, you know, i'm not getting 100% of what i want. this scenario is, you get most of what you want and a few republicans are shamed into crossing the line. let's take the debt limit discussion, for instance. the president won the election and all about taxes and he got his taxes. $60 billion a year and runs the government for five days. he has to challenge his party on spending, which he has not been willing to do. >> first of all, we're not talk
we saw speaker boehner bring up something without a majority of the majority on the fiscal cliff, which was a big move for him. so, now, is that the beginning of something where, you know, you can actually see a way where the president. let me ask him, let me ask him. >> and he did on the hurricane. is there a way now that he can, that the president can work with the speaker and republicans on this? >> well, of course. but two things. one, barney's definition coming together is when...
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our nation is speeding to toward steep tax hikes and budget cuts known as the fiscal cliff. now the election is over, it's time for washington to get in gear. do something about it. this fiscal cliff business could affect just about every single one of us, and you can bet there's plenty going on behind the scenes. this past hour we heard from the president in the east room of the white house basically announcing he's inviting leaders from both houses of congress and from both political parties to meet with him at the white house next friday. just a couple of minutes ago, we heard the president say he's open to compromise and open to new ideas, but there's one point the president is sticking to -- higher taxes for people making higher incomes. take a listen. >> i refuse to accept any approach that isn't balanced. i'm not going to ask students and seniors and middle-class families to pay down the entire deficit while people like me, making over $250,000 aren't a asked to pay a dime more in taxes. >> two hours before we saw the president, we saw the house speaker, republican, j
our nation is speeding to toward steep tax hikes and budget cuts known as the fiscal cliff. now the election is over, it's time for washington to get in gear. do something about it. this fiscal cliff business could affect just about every single one of us, and you can bet there's plenty going on behind the scenes. this past hour we heard from the president in the east room of the white house basically announcing he's inviting leaders from both houses of congress and from both political parties...
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. >> remember the fiscal cliff? the majority of tax hikes were avoided at the last minute. then the president changed his tone. >> consequences for the economy would be catastrophic. we fought back from the worst economic crisis in our lifetimes. >> as washington shheaded to a shutdown, fatigue. >> as i said at 2:30 yesterday, i will stand against obama care as long as i'm able to stand. >> frustration. >> we have a great country, a strong economy, a terrific society. all we can do is erode trust and confidence in our government. we should be ashamed. >> where was the fear? >> the senate decided not to work yesterday. well, my goodness, if there is such an emergency, where are they? >> treasury secretary jack lew warns if the debt ceiling is not raised by october 17th, the congress could not pay its bills. >> you would have a worldwide financial meltdown. that is what we need to head off. that is why we need this constructively. >> the people have seen this movie before. call it crisis fatigue or the chicken little effect. >> the sky is falling. >> the countdown is on. is i
. >> remember the fiscal cliff? the majority of tax hikes were avoided at the last minute. then the president changed his tone. >> consequences for the economy would be catastrophic. we fought back from the worst economic crisis in our lifetimes. >> as washington shheaded to a shutdown, fatigue. >> as i said at 2:30 yesterday, i will stand against obama care as long as i'm able to stand. >> frustration. >> we have a great country, a strong economy, a terrific...
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Nov 14, 2012
11/12
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to step down or stay, but the fiscal cliff. there is senator patty murray that spoke earlier this week and it sounded to me like, go over the cliff. here is what she said. >> the wealthiest americans have to pay their fair share, too. if the republicans will not agree with that, we will reach a point at the end of this year where all the tax cuts expire and we'll start over next year and whatever we do will be a tax cut for whatever package we put together. that may be the way to get past this. >> she kind of runs through that. we start over next year means we hit the fiscal cliff. do you support that? would that be something that you say let's go over the cliff? let's see what happens. >> we, as democrats, and we are more in number. of course, republicans still control the house. there's a question that most of us believe it would not be good for our economy to go over the fiscal cliff, that we have to resolve these issues, deal with what is the right tax policy, what is the right spending policy and how do we best grow the ec
to step down or stay, but the fiscal cliff. there is senator patty murray that spoke earlier this week and it sounded to me like, go over the cliff. here is what she said. >> the wealthiest americans have to pay their fair share, too. if the republicans will not agree with that, we will reach a point at the end of this year where all the tax cuts expire and we'll start over next year and whatever we do will be a tax cut for whatever package we put together. that may be the way to get past...
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what i thought something had to be done on the fiscal cliff before the election. apparently, nothing has to be be done until the first of the year. i think he should stick with his position. >> for some perspective, let's talk to somebody who knows president clinton, really, really well, democratic strategist and former counselor to the president, paul bagala. hi, paul. >> hi, jessica. good to see you. >> you are there where the president's charity event is happening. >> at the clinton global initiative. i bet you i am not going to say anything mean about him. >> how is it that president clinton, who obsess civil follows the economy and has a steel trap memory is confused about when the tax breaks are going to expire? >> he is no longer the president and is busy with his foundation helping to save millions of people's lives in africa, helping to work with development and fight childhood obesity. he doesn't follow the deadline in the latest law for the latest expiration or tax changes. he just got it wrong by a couple of weeks. i thought he cleaned it up very well.
what i thought something had to be done on the fiscal cliff before the election. apparently, nothing has to be be done until the first of the year. i think he should stick with his position. >> for some perspective, let's talk to somebody who knows president clinton, really, really well, democratic strategist and former counselor to the president, paul bagala. hi, paul. >> hi, jessica. good to see you. >> you are there where the president's charity event is happening. >>...
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Nov 17, 2012
11/12
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i imagine i could go down to the corner store and somebody could design something to avert the fiscal cliff. they get that taxes may have to go up on the rich. whether or not you agree with it. and they get that spending has to be cut. >> so i think they're going to come. i think we'll see reforms both on the tax side which is base and rates and on the expenditure side. a couple of issues. you say we like france is like those who say we like greece. we're neither like france. we're neither like greece. we're the united states of america. and i agree with stephen that we need to invest in our growth engines. but that is going to materialize if we deal with fundamental issues. it's not a tax rate of 36 or 39. a fundamental issue is we haven't invested enough in our people, in our plot, in our equipment and infrastructure. it's critical that this fiscal cliff debate not crowd out the issue that we as a nation have three distinct problems. too much debt, too little growth, and too dysfunctional political system. and we need to address all three in a wholistic manner. i don't think the dif
i imagine i could go down to the corner store and somebody could design something to avert the fiscal cliff. they get that taxes may have to go up on the rich. whether or not you agree with it. and they get that spending has to be cut. >> so i think they're going to come. i think we'll see reforms both on the tax side which is base and rates and on the expenditure side. a couple of issues. you say we like france is like those who say we like greece. we're neither like france. we're...
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. >> there's an alternative to going over the fiscal cliff. by working together and creating a fairer, simpler, cleaner tax code, we can give our country a stronger, healthier economy. a stronger economy means more revenue, which is what the president seeks. >> this isn't something that i'm going to draw the lines in the sand, he's not going to draw any lines in the sand, i don't believe, and i think we need to work together. >> the president will also have to contend with a major staff shake up. secretary of state hillary clinton and treasury secretary tim geithner have both said they're ready to move on, and there are also indications that mary schapiro will follow suit as well. dan lothian is following all these developments. good morning, dan. >> reporter: good morning. that's the game, i guess, that's played every time you have transition, every four years or so, inside washington. you start talking about what names will be replacing those who will be leaving. nothing official from the white house on this kind of movement, but one of the
. >> there's an alternative to going over the fiscal cliff. by working together and creating a fairer, simpler, cleaner tax code, we can give our country a stronger, healthier economy. a stronger economy means more revenue, which is what the president seeks. >> this isn't something that i'm going to draw the lines in the sand, he's not going to draw any lines in the sand, i don't believe, and i think we need to work together. >> the president will also have to contend with a...
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>> so question for you, will the market take any deal on the fiscal cliff or is it looking for something specific? >> that's the question, isn't it? the market at this point is looking for some certainty. a permanent deal, meaning not just a band-aid on this issue. at this point i think they're going to take something over nothing. you look at these new congressional budget office projections and they're darn scary, predicting half a percent drop in gdp. unemployment rate would spike by the end of the year, doing damage to the stock market in a big way. the reality is, carol, wall street probably won't get everything it wants anyway. if wall street had its druthers, it would encourage companies to bring back profits from overseas, look for payroll taxes to encourage businesses to hire. getting any deal will certainly calm the markets as we wait for the opening bell to ring and we'll have a negative start. >> just about to ring. ten more seconds. i know you'll keep an eye on it. >> will do. >> there it goes. alison kosik at the new york stock exchange. >>> the aloof president croix c publ
>> so question for you, will the market take any deal on the fiscal cliff or is it looking for something specific? >> that's the question, isn't it? the market at this point is looking for some certainty. a permanent deal, meaning not just a band-aid on this issue. at this point i think they're going to take something over nothing. you look at these new congressional budget office projections and they're darn scary, predicting half a percent drop in gdp. unemployment rate would...
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Dec 10, 2012
12/12
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. >>> if washington can't keep us in this country from plunging off a fiscal cliff, there seems to be more at astake than many know. we know about the massive taxes and the big cuts to the military and entitlement programs, but there's something else that could happen, and it could directly impact the safety of the food you buy and the food you eat. here's cnn's emily schmidt with the details. >> i like this one. >> reporter: preparing for the holidays at their house is a reminder of something else just around the corner, a fiscal cliff deadline that is personal here. >> i just can't imagine funding being cut at this point. it would be tragic. >> she's worried mandatory budget cuts would hurt food safety inspection that's mattered to her since her twins were born in 1999. >> chloe was in the hospital for two weeks and luke for three. >> they got listeria poisoning from meat she ate while pregnant. they same it sickened 48 million people a year, 3,000 die. the fda and the usd a's food safety and inspection sfgs are charged with protecting the food supply. an 8.2% budget cut translating
. >>> if washington can't keep us in this country from plunging off a fiscal cliff, there seems to be more at astake than many know. we know about the massive taxes and the big cuts to the military and entitlement programs, but there's something else that could happen, and it could directly impact the safety of the food you buy and the food you eat. here's cnn's emily schmidt with the details. >> i like this one. >> reporter: preparing for the holidays at their house is a...
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fiscal cliff. >>> now our fourth story. triple crown dashed. i'll have another is out of the belmont. he was the first horse since 1936's bold venture to win the derby and the preakness and then scratch out of the belmont. i was at the racetrack when the news broke. and the trainers and the vets and the jockey were visibly forlorn. attendance at the race could be lower. i talked to the owner, paul reddam, and asked him about the day. >> i probably tonight -- go wait a minute. we're supposed to be getting ready for the belmont. and the horse racing is a very tough game in that, you know, horses are very delicate creatures and things could happen to them. and unfortunately, pete decided today was the day for i'll have another to end his career. >> how hard was it to make the decision? you're so close to something that's been so elusive. >> well, making the decision itself was actually easy. because when doug o'neill and i were talking, he said that the horse -- he seemed to have a little heat in his leg. he might have wrapped it. you know? which
fiscal cliff. >>> now our fourth story. triple crown dashed. i'll have another is out of the belmont. he was the first horse since 1936's bold venture to win the derby and the preakness and then scratch out of the belmont. i was at the racetrack when the news broke. and the trainers and the vets and the jockey were visibly forlorn. attendance at the race could be lower. i talked to the owner, paul reddam, and asked him about the day. >> i probably tonight -- go wait a minute....
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will i think without doubt, unless they go crazy in the end of this year, on these ludicrous fiscal cliff the u.s. has planned itself, unless something crazy happens, and i expect the u.s. to be the strongest large developed country over the next several years. >> martin wolf, rona, thank you very much. as always. >>> when we come back, we have somebody who has written a book that defends the 1%. the case you haven't heard when we come back. [ male announcer ] citi turns 200 this year. in that time there've been some good days. and some difficult ones. but, through it all, we've persevered, supporting some of the biggest ideas in modern history. so why should our anniversary matter to you? because for 200 years, we've been helping ideas move from ambition to achievement. and the next great idea could be yours. ♪ got the mirrors all adjusted? you can see everything ok? just stay off the freeways, all right? i don't want you going out on those yet. mmm-hmm. and just leave your phone in your purse. i don't want you texting, all right? daddy...ok! ok, here you go. be careful. thanks dad. ca
will i think without doubt, unless they go crazy in the end of this year, on these ludicrous fiscal cliff the u.s. has planned itself, unless something crazy happens, and i expect the u.s. to be the strongest large developed country over the next several years. >> martin wolf, rona, thank you very much. as always. >>> when we come back, we have somebody who has written a book that defends the 1%. the case you haven't heard when we come back. [ male announcer ] citi turns 200 this...
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both sides of the fiscal cliff negotiations are much closer than you may think despite what law makes say publicly. jackie calms of the "new york times" picked up on something that lawmaker tim cole said recently. >> the republicans should just declare victory and taking the 98% of the tax cuts that they agree on and work next year on tax reform and see if they can't get the top rate back down again. it's hard to think that that's not where they're going to end up so why not make it clean instead of ugly. >> i think it's true that many people are saying privatery what tom cole said publicly on the show. but they believe that the politically right thing to do right now is to cut that you are losses, let tax rates go up for the most wealthy and really try for significant tax reform so that 39.6% is going to be mute. >> so the good news is that negotiations do continue, there was a meeting today between president obama and house speaker john boehner. that happened at the white house today, we are frying to get more details, we're trying to get our white house chief correspondent jessica
both sides of the fiscal cliff negotiations are much closer than you may think despite what law makes say publicly. jackie calms of the "new york times" picked up on something that lawmaker tim cole said recently. >> the republicans should just declare victory and taking the 98% of the tax cuts that they agree on and work next year on tax reform and see if they can't get the top rate back down again. it's hard to think that that's not where they're going to end up so why not...
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the corner, a fiscal cliff deadline that's personal here. >> i just can't imagine funding being cut at this point. it would be tragic. >> teresa is worried mandatory cuts would mean. >> closely was in the hospital for two weeks, luke, for three. >> she got listeria from food she ate while pregnant. it affected 48 million people a year. the fda and the food safety and inspection service are charged with inspecting the food supply. an 8.2% budget cut combines. there's no word exactly what cuts would mean to inspector staffing. >> both fda and usda are already stretched pretty thin when it comes to the inspection and food safety work they do. they need increased resources and not fewer. >> agencies always say they're stretched. >> dean chancy is with free dork works, an agency that promotes smaller government. >> arguing about it is a really irresponsible scare tactic especially when you realize these aren't real cuts. they're anticipated reductions from spending. >> to cut the work it's going to significantly impact them today and tomorrow. >> tressa bennett and her family are healthy
the corner, a fiscal cliff deadline that's personal here. >> i just can't imagine funding being cut at this point. it would be tragic. >> teresa is worried mandatory cuts would mean. >> closely was in the hospital for two weeks, luke, for three. >> she got listeria from food she ate while pregnant. it affected 48 million people a year. the fda and the food safety and inspection service are charged with inspecting the food supply. an 8.2% budget cut combines. there's no...
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09/12
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. >> a real difference between talking about the potential economic effect of the fiscal cliff in dealing with our debt and deficit problem, two different conversations. agree with something ben said, cannot balance the federal budget and cannot cut it based upon the discretionary budget at all. you have to address the fat where the fat is. how do you do that in ent tamts, talk about raising the age of social security and the age of medicare. >> yes, yes and yes. >> will and i agree on that. >> people live longer these days. >> can't do that in an election year. >> not at all. >> somebody always trying to get elected. >> people want their stuff. they want their stuff and they don't want to pay for it. >> let's look at some of the things with the safety net. 26% are using medicaid. 15% on food stamps, 8% are using something called the food aid for women, infants and children. 4% housing assistance and 2% receive aid to needy families. other safety nets, not the big entitlement programs. this is appropriate. you keep this, but you wittle away at the other things, the very, very -- >> this c
. >> a real difference between talking about the potential economic effect of the fiscal cliff in dealing with our debt and deficit problem, two different conversations. agree with something ben said, cannot balance the federal budget and cannot cut it based upon the discretionary budget at all. you have to address the fat where the fat is. how do you do that in ent tamts, talk about raising the age of social security and the age of medicare. >> yes, yes and yes. >> will and i...
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what i thought something had to be done on the fiscal cliff before the election. apparently nothing has to be done until the first of the year. he should stick with his position and negotiate with the republicans. >> the timing is awkward for the obama campaign and comes on the heels of him praising mitt romney's career. want to talk about it with airy fleisher and democratic strategist cornell belcher. there are conspiracy theorists saying that this is a way for clinton to get back at president obama? do you think this is deliberate or just things that come out in conversation? >> i think the president -- president clinton cleared up what he was saying in the situation room and doubled down on the fact that the wealthy are going to have to contribute to long term bringing down the debt. i know the press loves president clinton and polling has him at 66% which is incredible for any politician these days. i think the democrats are all in on that. less talk about what clinton did. he raised taxes on the wealthy and built the economy from the middle out. all boats ra
what i thought something had to be done on the fiscal cliff before the election. apparently nothing has to be done until the first of the year. he should stick with his position and negotiate with the republicans. >> the timing is awkward for the obama campaign and comes on the heels of him praising mitt romney's career. want to talk about it with airy fleisher and democratic strategist cornell belcher. there are conspiracy theorists saying that this is a way for clinton to get back at...